Hope for the Bulls?

N

NoProblem

Possible falling wedge.

Personally, as a trader, I could care less which way the market moves - and a wedge is a wedge. (S&P E Mini Futures chart)

Steve
 

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I agree completely. I try to remain unbiased during the day since I can make money regardless of the direction.

But over the last week the shorts have clearly had a hard time driving down prices any further. That being said there hasn't been much buying pressure either.

So we appear to be reaching a point of equilibrium. Personally I think a re-test of 800 is in the cards.
 
Watch out when your wedgie fails :cool:

wedgie_fail.jpg
 
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